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Cotton yarn prices ease in Tiruppur, poor demand in South India

Tiruppur market noted fall in cotton yarn prices of &#****;*-* per kg because of slower demand. The market could not find any support from export or domestic demand. A trader from Tiruppur market told Fibre2Fashion, “Garment export orders were insignificant to support cotton yarn prices. Although, mills have rolled over yarn prices for this month, but discounts and other types of lower offerings were common to lure buyers. Mills and stockists were feeling pressure to sell their stocks.” ** count combed cotton yarn was traded at &#****;***-*** per kg (GST extra), ** count combed at &#****;***-*** per kg and ** count combed at &#****;***-*** per kg in the Tiruppur market. Cotton yarn of ** count carded was sold at &#****;***-*** per kg, ** count carded at &#****;***-*** per kg and ** count carded at &#****;***-*** per kg, according to *f&utm_medium=ballripple&utm_campaign=Texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.

Mumbai cotton yarn market noted steady trend in the prices for most of the counts and varieties. The market was facing pressure of sluggish demand because of payment crisis. A trader from Mumbai market told F*F, “Downstream industry was feeling payment crisis. There was slower demand in fabric market due to silence of garment units which caused the payment crisis. The problem dried up cash flow in yarn market also.” But yarn prices remained stable after ease in early part of this week. In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively, as per *f&utm_medium=ballripple&utm_campaign=Texpro_****" target="_blank">TexPro. ** combed warp was priced at &#****;***-*** per kg. ** carded (weft) cotton yarn was sold at &#****;*,***-*,*** per *.* kg. **/** count carded cotton yarn (warp) was priced at &#****;***-*** per kg. **/** count carded cotton yarn (warp) was sold at &#****;***-*** per kg and **/** count combed yarn (warp) was priced at &#****;***-*** per kg. **/** count carded cotton yarn (warp) was traded lower by &#****;* per kg.